August 29, 2008

 

 

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Settlements and Market Clearing

 

 

Credit Policy Enhancements

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Summary

CAISO will conduct a stakeholder meeting on various credit policy issues on September 22, 2008.  A paper reviewing these issues will be posted by close of business September 8.  Please RSVP for the meeting by close of business September 18, 2008.

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Main Text

The California ISO (CAISO) will host a stakeholder meeting on September 22, 2008 to review several proposed credit policy enhancements.  Please RSVP to SMC@caiso.com by close of business September 18, 2008. 

 

CAISO will post a paper to its website at:  http://www.caiso.com/docs/2003/04/21/2003042117001924814.html by close of business on September 8, 2008.  The paper reviews various credit policy issues in the following areas:

 

Unsecured Credit Limits

·         Methodology for Determining the Percent of Tangible Net Worth or Net Assets to Assign

·         Definition of Tangible Net Worth

·         Maximum Unsecured Credit Limit

 

Financial Security

·         Financial Security from Non-US Based Entities

·         Affiliated Entity Guarantees

 

Alternative Credit Risk Mitigation Strategies

·         Time Allowed to Post Financial Security

·         Reserve Account or Credit Insurance to Mitigate the Risk of Payment Defaults

·         Loss Sharing/Chargeback Mechanism when a Payment Default Occurs

·         Available Credit for Congestion Revenue Rights (CRR) Auctions

·         Penalties for Late Payments and Collateral Calls

 

Meeting Details

Date:  Monday, September 22, 2008

Time:  10:00 a.m. to 4:00 p.m. (Pacific Time)

Location: California ISO Offices, 101 Blue Ravine Road, Folsom, CA 95630

 

Teleconference Information

Dial-in Number:  (800) 230-1059

International Dial-in:  (612) 332-0923

 

Web Conference Information

Web Address (URL):  https://www.webmeeting.att.com

Meeting Number:  5114682337

Access Code:  9341896

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For More Information Contact

Kevin King at (916) 608-1247 or KKing@caiso.com